World Wide Group and Rose Associates, the developers of 252 East 57th Street, the SOM-designed curved glass tower anchoring the eastern end of Manhattan’s 57th Street luxury residential corridor on Billionaires Row, has announced that the development has won the prestigious Urban Land Institute (ULI) Design Award for Excellence in Mixed-Use Development at the Third Annual Awards Gala at Gotham Hall held in April 2018. 252 East 57th Street is over 92% sold.
The ULI NY Awards for Excellence in Development is a statewide competition that sets the standard for responsible development practices. 252 East 57th was the final phase of the public-private partnership between the Educational Construction Fund and World Wide Group that spanned over a decade and included the construction of three new public schools built to DOE Green School specifications, and 70,000 SF of retail space including a Whole Foods Market and Bank of America. The free-standing 700 foot, 65-story sculpted glass tower between 56th street and 57th Street on Second Avenue was built on the prior location of the High School of Art and Design and encompasses 650,000 SF.
This multifaceted development was designed by internationally recognized architectural firm, Skidmore Owings and Merrill (SOM) with luxurious interiors by lauded AD100 designer, Daniel Romualdez. SLCE was the tower’s architect of record.
Remaining residences at 252 East 57th include several two and three bedroom homes from $3,925 million and the soon-to-be unveiled 8,139 square foot full-floor Penthouse, priced at $29.75 million. The luxury tower includes a thoughtful collection of amenities within the exclusive 34th Floor Club, a gated interior porte-cochere with New York City’s largest residents-only automated parking garage, electric car charging stations, as well as a 75' swimming pool, state-of-the-art hydrotherapy circuit spa, children’s playroom, dog playroom and grooming station, and personalized concierge services by Luxury Attaché. Stribling Marketing Associates is the exclusive marketing and sales agent for 252 East 57th Street condominiums.
Julia Hodgson, Director of Development at World Wide Group, said, “This innovative public-private partnership is a case study in government taking full advantage of the private sector’s capacity and creativity to mutually benefit both parties, as well as the community at large. Patient private capital is essential to the success of private-public partnerships and it has been 13 years since the initial RFP – long beyond most developers’ time horizon.”